HRM200 Chapter Notes - Chapter 1: Performance Appraisal, Organizational Culture, Employee Engagement

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: William Peckham

Document Summary

Human resources management: the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. It is crucial that the hr strategy be aligned with the company"s strategic plan. Human capital: the knowledge, education, training, skills, and expertise of an organization"s workforce. Embedded knowledge of a rm"s culture, history, processes and context => non-imitable. Accounting measures of performance / nancial performance. The process of :scienti cally analyzing employees based on their performance. Higher wages for worker and more pro ts for organization. The human resources movement: concern for people and productivity. Hiring and ring, running payroll department, administering bene ts. Problems of scienti c management movement: distract management. Unions and new legislation during big depression. Human resources movement: a management philosophy focusing on concern for people and productivity. Scienti c management: he process of :scienti cally analyzing manufacturing processes, reducing production costs, and compensating employees based on their performance.